Technology has enabled India to grow multi-folds
Technology

Technology has enabled India to grow multi-folds

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, a conference on “Artificial Intelligence IOT & Automation” was concluded.

At the conference, Kris Gopalakrishnan, Chair, CII AI Forum & Chairman, Axilor Ventures, said, “From $180 billion economy in 1980s to over $2.8 billion economy in 2019, technology has enabled India to grow multi-folds. India has one of the largest IT talent base with over 45 lakh technology professionals that can ensure the development of all the sectors. With the right approach and great platforms like Excon 2019, we have the opportunity and potential to lead the world in technology.”

The session focused on the paradigm shift from machine training through programming to achieve automated solutions with AI and IoT under the Industry 4.0 wave. The Industry 4.0 revolution has witnessed a convergence of digital computing, telecommunication revolution and increased use of sensors. These technologies have enabled the industry with easing and simplifying the processes leading to improved productivity and quality.

Pratik Kumar, Chairman, Task Force on AI, IoT& Robotics & Chief Executive Officer, Wipro Infrastructure Engineering, said, “The 10th edition of EXCON with the theme, Smart I-tech – Next Gen India@75 has thrown light on the role of technology as a change-agent in the construction & equipment industry and factors responsible to accelerate the industry’s pace. The advent of technology has touched our lives in multiple ways. And, it is no surprise that even in this sector the products and services are creating new experiences for all of us.”

With technology growing and innovating year-on-year, most industries have been affected by some sort of industry disruption. Companies that have chosen to shake things up and try new things have proven to be a major success, but what about the construction industry? In the past decade, the construction industry has seen many changes, from the construction materials used, type of builders, to methods used to design and build new facilities – all because of advancements in technology. Technologies such as AI, IoT and automation are making a great impact due to its future possibilities in the whole construction process.

With digital computers bringing automation in tasks and processes, the construction and construction equipment industry has seen a significant improvement in terms of project turn-around time for completion, quality of products, safety of the labor and cost effectiveness of the projects. These technologies are backed by data and have further helped the AI and ML to provide more precise and enhanced solutions. These solutions will empower India to grow multi-folds in the next 15 years.

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, a conference on “Artificial Intelligence IOT & Automation” was concluded. At the conference, Kris Gopalakrishnan, Chair, CII AI Forum & Chairman, Axilor Ventures, said, “From $180 billion economy in 1980s to over $2.8 billion economy in 2019, technology has enabled India to grow multi-folds. India has one of the largest IT talent base with over 45 lakh technology professionals that can ensure the development of all the sectors. With the right approach and great platforms like Excon 2019, we have the opportunity and potential to lead the world in technology.” The session focused on the paradigm shift from machine training through programming to achieve automated solutions with AI and IoT under the Industry 4.0 wave. The Industry 4.0 revolution has witnessed a convergence of digital computing, telecommunication revolution and increased use of sensors. These technologies have enabled the industry with easing and simplifying the processes leading to improved productivity and quality. Pratik Kumar, Chairman, Task Force on AI, IoT& Robotics & Chief Executive Officer, Wipro Infrastructure Engineering, said, “The 10th edition of EXCON with the theme, Smart I-tech – Next Gen India@75 has thrown light on the role of technology as a change-agent in the construction & equipment industry and factors responsible to accelerate the industry’s pace. The advent of technology has touched our lives in multiple ways. And, it is no surprise that even in this sector the products and services are creating new experiences for all of us.” With technology growing and innovating year-on-year, most industries have been affected by some sort of industry disruption. Companies that have chosen to shake things up and try new things have proven to be a major success, but what about the construction industry? In the past decade, the construction industry has seen many changes, from the construction materials used, type of builders, to methods used to design and build new facilities – all because of advancements in technology. Technologies such as AI, IoT and automation are making a great impact due to its future possibilities in the whole construction process. With digital computers bringing automation in tasks and processes, the construction and construction equipment industry has seen a significant improvement in terms of project turn-around time for completion, quality of products, safety of the labor and cost effectiveness of the projects. These technologies are backed by data and have further helped the AI and ML to provide more precise and enhanced solutions. These solutions will empower India to grow multi-folds in the next 15 years.

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Next Story
Infrastructure Urban

Apollo Seeks Easier Visas to Boost Medical Tourism

Apollo Hospitals Enterprise has urged the government to implement a more liberal visa policy for overseas patients to strengthen India's medical tourism sector. "So our idea is to work with the government of India and really evolve this plan called Heal in India. We need enhanced E visas," Apollo Hospitals Enterprise Joint Managing Director Sangita Reddy said. She highlighted that competitor countries like Thailand, Turkey, the Philippines, and Singapore offer visas on arrival, making it easier for international patients to access treatment. "We are requesting the government to enhance the e..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?